Price $2,350,000 | Built/Renov 2021 | Tenant Chipotle |
Cap Rate 4.26% | Lease Type
NN+ | Guarantor Corp Traded |
Size/SF
2,325
| Lease Start
12-30-2021
| #Units
3,224
|
Price/SF $1,010.75 | Expiration
12-31-2036
| Tenant Type Fast Casual/Rest. |
NOI $99,998 | R. Term 13.0 | Ownership Fee Simple |
Rent/SF
$43.01
| Increases 10.0%/5/yrs | Pop 5Mi 94,389 |
Lot/AC 0.68 | Options 4/5yrs/10% | AHHI 5Mi $63,051 |
| |
Chipotle is positioned with excellent access and visibility on a hard corner at the signalized intersection of Buffalo Road (14,177 VPD) and Nagle Road (10,916 VPD). Chipotle is ideally located as an outparcel to the ±215,327-SF Giant Eagle Plaza, which is anchored by Giant Eagle grocery store and further occupied by Get-Go Gas, Rite Aid, T-Mobile, Sherwin Williams, Pet Supplies Plus, to name...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Shopping Ctr out-parcel
Strategically located
Major MSA
Long 10+ yr lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
1 Miles | 3 Miles | 5 Miles | |
2027 Total Population : | 9,245 | 43,808 | 93,350 |
2022 Total Population : | 9,408 | 44,504 | 94,609 |
2022 Employed Civilian Pop : | 4,519 | 20,146 | 41,014 |
2022 Total Businesses : | 311 | 1,083 | 3,177 |
2022 Average Household Income : | $ 72,909 | $ 69,695 | $ 63,050 |
2022 Total Consumer Spending : | $ 237 M | $ 1042 M | $ 2042 M |
2022 Median Age : | 41 | 39 | 36 |
2022 Total Households : | 3,776 | 17,334 | 37,365 |
2022 Pop Age 25+: Bachelor's Degree : | 1,376 | 5,008 | 10,192 |
2022 Average Home Value : | $ 136,291 | $ 152,212 | $ 156,279 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
Buffalo Rd | Teri Ave | 2016 | 14,177 | 0.04 mi |
Nagle Road | Cricket St | 2019 | 10,762 | 0.21 mi |
Buffalo Rd | Riverside Dr | 2016 | 14,177 | 0.26 mi |
Nagle Rd | Adelaide Dr | 2019 | 9,504 | 0.38 mi |
Buffalo Rd | Center St | 2019 | 12,722 | 0.43 mi |
Water St | Pearl Ave | 2019 | 6,623 | 0.44 mi |
Iroquois Avenue | Burkhart Ave | 2019 | 5,157 | 0.50 mi |
Station Rd | Edison Ave | 2019 | 3,981 | 0.52 mi |
Iroquois Ave | Tyndall Ave | 2019 | 4,814 | 0.52 mi |
Buffalo Road | Knoll Ave | 2019 | 7,164 | 0.57 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]